Fast Loans UK

Fast Payday Loans at your convenience

Britain Fast Loans offers you a solution to the cash-less scenario experienced between paydays. Our payday loan is a simple, convenient, secure and transparent way to address an urgent cash need.

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Checklist Before Taking a Payday Loan

Payday loans are one of the fastest and most convenient form of short term credit available. Its unsecured nature and its availability to customers with bad credit make it an attractive choice for emergency needs. However, consumers should use these financial products with care. For one, the APR of payday loans is high. Though this is partly because of the short term nature of credit and partly because of its unsecured nature. Before taking a payday loan, consumers should consider other cheaper alternatives like borrowing from a friend or family member. Apart from the APR, there can be other risks involved. Below we have compiled a check list to help consumers who are considering a payday loan make a safe and well-informed decision.


If you are sure that you need to take a payday loan, look for the following on your lender's website.

  • See if they mention their registration number or license number on the website. Some payday lender's websites are fake and they may even display a false license number. Go to the OFT website and search for the given license number to verify the authenticity of the website. To make a search on the OFT website you need to click on the “CCA search” link.
  • You will be giving very sensitive information during the loan application process, so be sure to check the security of the lender’s website. This can be done by checking if an 'https' appears in the url of the application lender’s webpage. The security of your data has increased significance in the light that most lenders require you to enter your debit card details as well.
  • Read through the privacy policy and terms and conditions pages on the lender's website very thoroughly and understand them. Look for any hidden charges that they might apply.
  • Check for conditions that will apply if you decide you want to roll-over or refinance your loan. Be sure you understand all fees/charges the lender will add.

Remember, don't take a payday loan if you are not sure you will be able to pay it off quickly.




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